v3.26.1
SECURITIES (Tables)
6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Information Related to the Amortized Cost, Fair Value and Allowance for Credit Losses of Securities Available-for-Sale and Related Gross Unrealized Gains and Losses
Information related to the amortized cost, fair value and allowance for credit losses of securities available-for-sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) is provided in the table below.
(dollars in thousands)Amortized
Cost
Gross Unrealized GainGross Unrealized LossesAllowance for Credit LossesFair Value
June 30, 2026
U.S. Treasury securities$25,019 $10 $(169)$0 $24,860 
U.S. government sponsored agencies131,236 50 (19,979)0 111,307 
Mortgage-backed securities: residential484,870 267 (55,242)0 429,895 
State and municipal securities534,917 103 (65,919)0 469,101 
Total$1,176,042 $430 $(141,309)$0 $1,035,163 
December 31, 2025
U.S. Treasury securities$10,117 $$$$10,119 
U.S. government sponsored agencies136,772 82 (21,164)115,690 
Mortgage-backed securities: residential506,734 892 (53,463)454,163 
State and municipal securities541,694 131 (69,735)472,090 
Total$1,195,317 $1,107 $(144,362)$$1,052,062 
Schedule of Information Related to the Amortized Cost, Fair Value and Allowance for Credit Losses of Securities Held-to-Maturity and Related Gross Gains and Unrealized Gains and Losses
Information related to the amortized cost, fair value and allowance for credit losses of securities held-to-maturity and the related gross unrealized gains and losses is presented in the table below.
(dollars in thousands)Amortized
Cost
Gross Unrealized GainGross Unrealized LossesAllowance for Credit LossesFair Value
June 30, 2026
State and municipal securities$134,025 $0 $(14,592)$0 $119,433 
December 31, 2025
State and municipal securities$133,208 $$(15,698)$$117,510 
Schedule of Information Regarding the Fair Value and Amortized Cost of Available-for-Sale and Held-to-Maturity Debt Securities by Maturity
Information regarding the amortized cost and fair value of available-for-sale and held-to-maturity debt securities by maturity as of June 30, 2026 is presented below. Maturity information is based on contractual maturity for all securities other than mortgage-backed securities. Actual maturities of securities may differ from contractual maturities because borrowers may have the right to prepay the obligation without a prepayment penalty.
Available-for-SaleHeld-to-Maturity
(dollars in thousands)Amortized CostFair
Value
Amortized CostFair
Value
Due in one year or less$500 $500 $0 $0 
Due after one year through five years40,293 39,752 0 0 
Due after five years through ten years101,004 93,961 7,428 6,732 
Due after ten years549,375 471,055 126,597 112,701 
691,172 605,268 134,025 119,433 
Mortgage-backed securities484,870 429,895 0 0 
Total debt securities$1,176,042 $1,035,163 $134,025 $119,433 
Schedule of Unrealized Loss Analysis on Available-for-Sale Securities
Information regarding available-for-sale securities with unrealized losses as of June 30, 2026 and December 31, 2025 is presented below. The table divides the securities between those with unrealized losses for less than twelve months and those with unrealized losses for twelve months or more.
Less than 12 months12 months or moreTotal
(dollars in thousands)Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
June 30, 2026            
U.S. Treasury securities$20,012 $169 $0 $0 $20,012 $169 
U.S. government sponsored agencies4,958 37 101,357 19,942 106,315 19,979 
Mortgage-backed securities: residential49,354 813 344,055 54,429 393,409 55,242 
State and municipal securities32,073 315 421,327 65,604 453,400 65,919 
Total available-for-sale$106,397 $1,334 $866,739 $139,975 $973,136 $141,309 
December 31, 2025
U.S. Treasury securities$5,107 $$$$5,107 $
U.S. government sponsored agencies105,609 21,164 105,609 21,164 
Mortgage-backed securities: residential14,397 106 374,383 53,357 388,780 53,463 
State and municipal securities13,807 24 440,935 69,711 454,742 69,735 
Total available-for-sale$33,311 $130 $920,927 $144,232 $954,238 $144,362 
Schedule of Unrealized Loss Analysis on Held-to-Maturity Securities
Information regarding held-to-maturity securities with unrealized losses as of June 30, 2026 and December 31, 2025 is presented on the next page. The table divides the securities between those with unrealized losses for less than twelve months and those with unrealized losses for twelve months or more.
Less than 12 months12 months or moreTotal
(dollars in thousands)Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
Fair
Value
Unrealized
Losses
June 30, 2026
State and municipal securities$0 $0 $119,433 $14,592 $119,433 $14,592 
December 31, 2025
State and municipal securities$$$117,510 $15,698 $117,510 $15,698 
Schedule of Number of Securities with Unrealized Losses of Available for Sale Securities and Held to Maturity Securities
The total number of securities with unrealized losses as of June 30, 2026 and December 31, 2025 is presented below.
Available-for-SaleHeld-to-Maturity
Less than
12 months
12 months
or more
TotalLess than
12 months
12 months
or more
Total
June 30, 2026    
U.S. Treasury securities4 0 4 0 0 0 
U.S. government sponsored agencies1 17 18 0 0 0 
Mortgage-backed securities: residential17 111 128 0 0 0 
State and municipal securities42 352 394 0 41 41 
Total temporarily impaired64 480 544 0 41 41 
December 31, 2025
U.S. Treasury securities
U.S. government sponsored agencies17 17 
Mortgage-backed securities: residential120 123 
State and municipal securities17 378 395 41 41 
Total temporarily impaired21 515 536 41 41